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STI is approached trendline resistance. We might see some pullback before further upside.
Both scallops created on STI provides bullish scenarios.
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Showing posts with label inverted scallop. Show all posts
Showing posts with label inverted scallop. Show all posts
Sunday, August 2, 2009
STI 03/07/2009 - Update
Previous chart for STI is here.
STI is approached trendline resistance. We might see some pullback before further upside.
Both scallops created on STI provides bullish scenarios.
STI is approached trendline resistance. We might see some pullback before further upside.
Both scallops created on STI provides bullish scenarios.
Sunday, July 26, 2009
Sunday, July 5, 2009
STI 03/07/2009
There seems to be a lot of fear in the markets. Personally, I will not be worried until the long term uptrend line is intact. The prices are way clear of the green uptrend line. New down trend might begin if the trend line is breached.
I see a bullish inverted scallop forming. The pattern will be confirmed once the price breaks the recent high of 2424. The estimated target will then be 2697.
I see a bullish inverted scallop forming. The pattern will be confirmed once the price breaks the recent high of 2424. The estimated target will then be 2697.
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